Goldman Sachs raised its price target on StubHub Holdings to $16.00 from $15.00, maintaining a Buy rating. The firm cited StubHub's improved market share position and durable demand environment.
StubHub reported strong Q1 2026 revenue of $446 million, beating estimates of $425 million. EPS came in at $0.06, slightly below the $0.07 consensus. The company's 82% gross profit margin reflects strong pricing power.
Management highlighted a robust event calendar for the remainder of 2026, expecting phased benefits. The company expressed confidence in delivering operating leverage. No macro or calendar weakness was cited.
Goldman Sachs views StubHub as well-positioned in the growing ticketing market. InvestingPro analysis suggests the stock is undervalued relative to fair value.
